Cryptocurrencies have become a hub for investment opportunities and Lithuania is the best choice for a cryptocurrency investment hub. Not only is the country a safe and secure place to invest your money, but it’s also a place with low rates of taxation and good corporate law. The cryptocurrency market has been growing at a rapid pace of late, and Lithuania is one of the best places to take advantage of this growth.

What is a cryptocurrency?

A cryptocurrency is a digital asset that is used as a means of exchange. Cryptocurrencies are decentralized, meaning there’s no central administrator that you, interact with. Most cryptocurrencies are generated through a process called “mining,” where users are rewarded with the currency for their contributions. You can exchange crypto money to fiat using specialize crypto exchanges.

Low taxation in cryptocurrency

Lithuania also has some of the lowest corporate tax rates in the world. The country’s standard corporate tax rate is 25% as of 2018, and if you meet certain requirements, the rate can be reduced to 15%. Corporations in Lithuania don’t have to pay any income tax on profits that are generated through the sale of stocks, bonds, and real estate. If a corporation chooses to repatriate its profits and pay income tax, it can receive a reduced rate of 13%. In addition, there are no inheritance or gift taxes for cryptocurrency.

Crypto license in Europe

  • Crypto license in Lithuania

    A European Economic Area jurisdiction that is very supportive of cryptocurrency and has a large number of registered EMIs and operating within its borders. It also has stable legislation close to upcoming amendments to MiCA regulations.

    Timeframe: 3 weeks
    One-time fee: 4 100 EUR

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  • Crypto license in the Czech Republic

    Ideal for European market-oriented crypto startups, supporting experimental projects; very low requirements, pretty simple and straightforward process of obtaining a cryptolicense.

    Timeframe: 3 weeks
    One-time fee: 1 500 EUR

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  • Crypto license in Estonia

    A global leader in digital innovation, Estonia was the first country that introduced crypto licensing. Nowadays the Estonian crypto license requires a live structure in the country with several requirements, such as a physical office and an AML specialist.

    Timeframe: 8 weeks
    One-time fee: 15 000 EUR

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Good corporate law in cryptocurrency

Lithuania is a good choice for cryptocurrency investors thanks to its good corporate law in cryptocurrency. While most countries in the world have laws restricting the use of cryptocurrency, Lithuania doesn’t have any such restrictions.

If you are an individual or a company looking to start a blockchain or cryptocurrency-related project, you can easily register it with the government.

Final Words: Is Lithuania a Good Location for Cryptocurrency Investment?

The answer to this question is a definite yes. If you want to invest in cryptocurrencies, Lithuania is one of the best places for it. The country has low taxation, good corporate law, and a friendly government that is supportive of blockchain technology. All of this makes it the perfect place to keep your cryptocurrency investment.

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